Tag: Economy

Tunisia is expected to record a growth rate of 3% in 2017, 3.7% in 2018 and 4% in 2019. Morocco is expected to post a growth rate of 4% and Algeria’s growth is expected to reach 2.9 percent, according to the latest Global Economic Prospects reported released Tuesday by the World Bank Group. According to the same WB forecasts, growth in the Middle East and North Africa (MENA) region is expected to improve to 3.1% in 2017 against projected global growth of 2.7%, despite the decline in investment. The growth…

Tunisian hotels have accommodated more than 5.4 million visitors during the previous period of 2016, including two million Tunisian tourists, Minister of Tourism and Handicrafts Salma Elloumi Rekik reported, highlighting the importance of domestic tourism which has accounted for about 30% of the market. The tourist sector will recover, in 2017, since 2016 has been saved, in view of the great decline in 2015, she told TAP correspondent on the sidelines of her visit Wednesday afternoon to a hand-crafted gift fair in Nabeul. She said preparations for the 2017 season…

The International Labor Organization (ILO) and its social partners announced at a workshop held Wednesday in Tunis a project called “PROMESS” to promote social and solidarity economy organizations and mechanisms. The project, launched in collaboration with the Ministries of Social Affairs and Employment, the Tunisian General Labor Union (UGTT), the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) and the Tunisian Union of Agriculture and Fisheries (UTAP), is financed by Netherlands and will run from 2016 to 2019. Karim Toumi, “PROMESS” Project Manager told reporters on the sidelines of a…

Tax havens are at the heart of a global system that allows multinational companies to avoid paying their fair share of taxes, while 896 million people worldwide are trapped in extreme poverty. Nine out of ten of the world’s biggest corporations have a presence in tax havens and it is estimated that corporate tax dodging costs poor countries at least $100 billion every year. Oxfam’s new research reveals the world’s worst corporate tax havens. Some of them are far from tropical islands in the sun. And they are just the…

The Tunisian olive oil is flourishing after the Europe’s decision to waive taxes on Tunisian oil imports and grant substantial financial help to the country. The Tunisian olive oil sector is flourishing and showcasing staggering growth notably due to the European Union’s decision to waive taxes on Tunisian oil imports and grant substantial financial help to the country. The sector is also benefiting from the global, ever-growing demand. The EU measure on Tunisian olive oil imports followed the terror attack on the beach resort of Sousse last year, which left…

Deutsche Hospitality is adding a further country to its portfolio. From the second quarter of 2017, guests will be able to relax at the Steigenberger Hotel Kantaoui Bay and at the Jaz Hotel Tour Khalef in Sousse, Tunisia. The company already has a representation of several hotels in Egypt and will open two more on Cape Verde by 2020. This makes Tunisia the third African country in which the group will operate. The Steigenberger Hotel Kantaoui Bay will be a five-star property with 365 rooms and suites and six restaurants…

Oil and gas industry contractor Petrofac (PFC.L) is halting gas production in Tunisia after two weeks of renewed protests on the southern Kerkennah islands, officials said on Wednesday. The announcement comes just three months after Petrofac restarted operations at Kerkennah’s Chergui gas field, following nine months of disruptions due to protests. Petrofac had threatened in September to shut down operations entirely and leave Tunisia, but the government reached a deal with protesters demanding jobs and development. Tunisian Energy Minister Hela Cheikh Rouhou said the production stoppage had been expected because…

With an ambitious plan to create thousands of new job opportunities for Arab youth, Silatech yesterday signed a slew of agreements with different organisations, in the presence of H H Sheikha Moza bint Nasser, Founder and Chairperson of Silatech. Memorandums of Understanding (MoU) were signed with Qatar National Bank (QNB), Ministry of Communication Technologies and Digital Economy of Tunisia, World Congress for Muslim Philanthropists and Islamic Solidarity Fund for Development. A new strategic partnership was struck with Enda Tamweel, during a ceremony held at the Qatar Foundation headquarters. These agreements…

On 1-2 December, the European Travel Agents’ and Tour Operators’ association – ECTAA- held its semi-annual meeting in Tunisia. The meeting was attended by more than 20 European delegations. ECTAA, the European Association of Travel Agents and Tour Operators, has met for the first time in Tunis at the invitation of its International Member, the Tunisian Federation of Travel Agents, FTAV. This was an opportunity to exchange views and take stock of the work that has been undertaken by the Tunisian government as well as the industry to welcome back European…

“These tomatoes are cultivated from the premium brand for fruit and vegetables in their own fields in Tunisia” The SanLucar praline tomatoes have received top marks from the Ökotest magazine and have been rewarded for their taste, quality and environmentally friendly cultivation. The small, crunchy praline tomatoes are one of the sweetest varieties from the wide range of tomato products SanLucar offers on the market. These tomatoes are cultivated from the premium brand for fruit and vegetables in their own fields in Tunisia. The cultivation area in the SanLucar oasis…